Faruqi & Faruqi, LLP Reminds Investors In Och-Ziff Capital Management Group
LLC (OZM) Of Imminent Deadline To Protect Your Rights
NEW YORK, June 27, 2014
NEW YORK, June 27, 2014 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading
national securities law firm, reminds investors in Och-Ziff Capital Management
Group LLC ("Och-Ziff" or the "Company") (NYSE: OZM) of the July 7, 2014
deadline to seek the role of lead plaintiff in a federal securities class
action lawsuit filed against Och-Ziff and certain executives.
Faruqi & Faruqi, LLP.
A complaint has been filed in the Southern District of New York on behalf of
all persons who purchased Och-Ziff securities between February 9, 2012 and
April 25, 2014 (the "Class Period").
The complaint alleges that the Company and its executives violated federal
securities laws with respect to its disclosures concerning its business,
operations, and prospects.
The complaint alleges that throughout the Class Period, defendants made false
and/or misleading statements, and failed to disclose material adverse facts
about the Company's business, operations, prospects and performance.
Specifically, during the Class Period, defendants made false and/or misleading
statements and/or failed to disclose that: (i) the Company violated relevant
anti-bribery laws by accepting an investment from the Libyan Investment
Authority, a sovereign wealth fund; (ii) the Company loaned $234 million to
help finance two ventures in the Democratic Republic of Congo in violation of
the Foreign Corrupt Practices Act; (iii) beginning in 2011, the Company
received subpoenas from the Securities and Exchange Commission ("SEC") and the
United States Department of Justice ("DOJ") in connection with the
transactions mentioned above; and (iv) as a result of the above, the Company's
financial statements were materially false and misleading at all relevant
On February 3, 2014, the Wall Street Journal ("WSJ") reported that DOJ joined
a widening investigation of banks, private-equity firms and hedge funds,
including Och-Ziff, relating to the possible violation of anti-bribery laws in
their dealings with Libya's government-run investment fund. The article also
stated that the criminal investigation by the DOJ was proceeding alongside a
civil probe by the SEC that began in 2011.
On the news, Och-Ziff stock fell $0.87, or 6.7%, to close at $12.08 on heavy
On April 27, 2014, the WSJ published an article providing details about the
Och-Ziff investments in Africa under investigation by the SEC and DOJ. The
article stated that the probe centered on two loans totaling $234 million, to
companies controlled by a controversial mining executive, which helped finance
two ventures in the Democratic Republic of Congo involving properties that
were the subject of ownership disputes.
On this news, shares in Och-Ziff fell $1.28, or almost 10%, on heavy trading
volume, to close at $11.65 on April 28, 2014.
Request more information now by clicking here: www.faruqilaw.com/OZM. There
is no cost or obligation to you.
If you invested in Och-Ziff stock or options between February 9, 2012 and
April 25, 2014 and would like to discuss your legal rights, visit
www.faruqilaw.com/OZM. You can also contact us by calling Richard Gonnello
toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to
firstname.lastname@example.org. Faruqi & Faruqi, LLP also encourages anyone with
information regarding Och-Ziff's conduct to contact the firm, including
whistleblowers, former employees, shareholders and others.
Faruqi & Faruqi, LLP is a national law firm which represents investors and
individuals in class action litigation. The firm is focused on providing
exemplary legal services in complex litigation in the areas of securities,
shareholder, antitrust and consumer litigation, throughout all phases of
litigation. The firm has an experienced trial team which has achieved
significant victories on behalf of the firm's clients. To keep track of the
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FARUQI & FARUQI, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Richard Gonnello, Esq.
Telephone: (877) 247-4292 or (212) 983-9330
SOURCE Faruqi & Faruqi, LLP
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